SRF shares drop 0.74% as Sensex rises
SRF Ltd. traded 0.74 per cent down at Rs 2486.9 at 12:38PM (IST) on Friday, even as BSE benchmark Sensex gained 71.72 points to 71919.29.
The stock had settled at Rs 2505.55 in the previous session.
The stock quoted a 52-week high price of Rs 2636.65 and 52-week low of Rs 2050.0, respectively. As per BSE data, total traded volume on the counter till 12:38PM (IST) stood at 6931 shares with a turnover of Rs 1.72 crore.
At the prevailing price, the stock traded at 42.51 times its trailing 12-month earnings per share of Rs 58.48 per share and 6.93 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.24.
Shareholding Details
Promoters held 50.53 per cent stake in the company as of 30-Sep-2023, while FIIs owned 19.79 per cent and DIIs 7.39 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 59.58. The RSI oscillates between zero and 100.
